Commodities and Q3: The glass is half-full

Commodities closed a negative quarter in September, with benchmarks down an average of 11%. Losses were Lead by base metals (S&PGSCI down 22.5%) and energy (S&PGSCI down 13%), which were the sectors most exposed to the economic cycle, while precious metals and livestock were up 4.3% and 5.5%, respectively.
Volatility was the main theme in a quarter in which most of the losses were towards the end. In fact, Q3 was on track to be a positive quarter up to the end of August, driven by double-digit gains in precious metals and agriculture and moderate gains in soft commodities. But, things started to turn in early September when the worsening European debt situation weighted heavily on sentiment and markets had a fresh sell-off on risk assets………………………………………Full Article: Source